ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Fears record 2014 surplus ''recession-type''

 (placeholder image)
Port of Busan, South Korea: The competitiveness of the country's exports is weakening due to the strong won and weak yen.   © Reuters

SEOUL -- South Korea posted a record high current account surplus last year for the third year in a row as weak domestic demand reduced imports.

     According to preliminary data released by the Bank of Korea on Monday, South Korea recorded an $89.4 billion surplus in its current account in 2014, up 10.2% from the previous year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more